FNK vs. AIEQ ETF Comparison

Comparison of First Trust Mid Cap Value AlphaDEX Fund (FNK) to AI Powered Equity ETF (AIEQ)

FNK

First Trust Mid Cap Value AlphaDEX Fund

FNK Description

The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$57.37

Average Daily Volume

9,876

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

AIEQ

AI Powered Equity ETF

AIEQ Description

The investment seeks capital appreciation. The fund is actively managed and invests primarily in equity securities listed on a U.S. exchange based on the results of a proprietary, quantitative model (the EquBot Model) developed by EquBot LLC (EquBot) that runs on the IBM Watson? platform. EquBot, the fund's sub-adviser, is a technology based company focused on applying artificial intelligence (AI) based solutions to investment analyses. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.28

Average Daily Volume

7,436

Number of Holdings ^*

136

* may have additional holdings in another (foreign) market

Performance

Period	FNK	AIEQ
30 Days	7.85%	9.30%
60 Days	5.62%	10.19%
90 Days	5.60%	11.69%
12 Months	27.99%	34.55%

30 Overlapping Holdings

Symbol	Grade	Weight in FNK	Weight in AIEQ	Overlap
AAP	C	0.59%	0.33%	0.33%
APA	D	0.66%	0.23%	0.23%
CHRD	D	0.72%	0.17%	0.17%
CIVI	D	0.74%	0.13%	0.13%
CMC	B	0.78%	0.2%	0.2%
CNX	A	0.87%	0.2%	0.2%
COOP	B	0.61%	0.19%	0.19%
DINO	D	0.7%	0.16%	0.16%
FLR	B	0.16%	0.23%	0.16%
GL	B	0.45%	0.29%	0.29%
HOG	D	0.62%	0.27%	0.27%
HP	B	0.8%	0.12%	0.12%
HST	C	0.57%	0.98%	0.57%
JAZZ	B	0.61%	0.14%	0.14%
LNC	B	0.64%	0.18%	0.18%
LPX	B	0.31%	0.12%	0.12%
MGM	D	0.14%	0.54%	0.14%
MUR	D	0.71%	0.15%	0.15%
NOG	A	0.84%	0.11%	0.11%
OMF	A	0.51%	0.14%	0.14%
OSK	B	0.79%	0.21%	0.21%
PRGO	B	0.15%	0.14%	0.14%
RIG	D	0.44%	0.05%	0.05%
SEE	C	0.14%	0.17%	0.14%
SM	B	0.81%	0.12%	0.12%
SNX	C	0.42%	0.33%	0.33%
SUM	B	0.54%	0.15%	0.15%
TKR	D	0.26%	0.11%	0.11%
TTC	D	0.14%	0.22%	0.14%
UHS	D	0.5%	0.52%	0.5%

FNK Overweight 193 Positions Relative to AIEQ

Symbol	Grade	Weight
MTDR	B	0.86%
OVV	B	0.85%
AGO	B	0.84%
JXN	C	0.8%
TAP	C	0.78%
PTEN	C	0.78%
AL	B	0.77%
HCC	B	0.76%
ATKR	C	0.75%
AMG	B	0.75%
AMR	C	0.74%
PBF	D	0.73%
PVH	C	0.72%
NOV	C	0.72%
URBN	C	0.72%
UGI	A	0.71%
UNM	A	0.71%
NFE	D	0.71%
RDN	C	0.71%
TMHC	B	0.71%
TEX	D	0.71%
MTG	C	0.7%
RNR	C	0.69%
LAD	A	0.68%
CADE	B	0.68%
BWA	D	0.68%
LBRT	D	0.67%
G	B	0.66%
DAR	C	0.66%
RUSHA	C	0.66%
TPH	D	0.66%
OZK	B	0.65%
MGY	A	0.65%
DDS	B	0.65%
MHO	D	0.65%
LBRDK	C	0.65%
R	B	0.64%
CNO	A	0.64%
RRC	B	0.64%
MTH	D	0.63%
MATX	C	0.63%
BEN	C	0.63%
ESNT	D	0.63%
LEA	D	0.63%
FMC	D	0.61%
GPI	A	0.61%
EVRG	A	0.6%
BKH	A	0.6%
PNW	B	0.6%
ADTN	A	0.6%
SR	A	0.59%
HRI	B	0.59%
OTTR	C	0.59%
NFG	A	0.59%
GBDC	C	0.59%
ASO	F	0.58%
BCC	B	0.58%
FHN	A	0.57%
BBWI	D	0.57%
KRC	C	0.57%
SOLV	C	0.56%
MOS	F	0.56%
M	D	0.56%
AVT	C	0.56%
WBS	A	0.56%
POR	C	0.56%
DXC	B	0.55%
MDU	D	0.55%
ZION	B	0.54%
CNXC	F	0.53%
SIG	B	0.53%
KBH	D	0.52%
WCC	B	0.52%
FNB	A	0.51%
ALK	C	0.51%
COLB	A	0.51%
CLF	F	0.51%
ARW	D	0.5%
SANM	B	0.49%
VLY	B	0.49%
GMS	B	0.48%
AMKR	D	0.48%
BYD	C	0.48%
ABG	B	0.47%
AXS	A	0.47%
SWX	B	0.46%
OGE	B	0.46%
BERY	B	0.46%
JBL	B	0.46%
OGS	A	0.45%
WHR	B	0.45%
INGR	B	0.44%
NXST	C	0.43%
PAG	B	0.43%
THO	B	0.43%
POST	C	0.41%
ENS	D	0.41%
BC	C	0.41%
LKQ	D	0.41%
SJM	D	0.4%
SON	D	0.4%
AN	C	0.4%
EMN	D	0.4%
WU	D	0.39%
ASH	D	0.38%
OLN	D	0.37%
BECN	B	0.36%
AEO	F	0.35%
PII	D	0.35%
WTFC	A	0.35%
MLI	C	0.35%
SEIC	B	0.34%
OGN	D	0.34%
UBSI	B	0.33%
CMA	A	0.33%
HGV	B	0.33%
PB	A	0.33%
IDA	A	0.33%
CRC	B	0.32%
ACA	A	0.32%
BOKF	B	0.32%
ABCB	B	0.32%
HII	D	0.32%
AIZ	A	0.32%
VNT	B	0.32%
AR	B	0.32%
HWC	B	0.32%
SLM	A	0.31%
ORI	A	0.31%
PNM	F	0.31%
SLGN	A	0.3%
KNX	B	0.3%
CUZ	B	0.3%
MIDD	C	0.29%
COLM	B	0.29%
JWN	C	0.29%
KFY	B	0.29%
WTRG	B	0.29%
CRL	C	0.28%
MSM	C	0.28%
AGCO	D	0.28%
FIVE	F	0.28%
ALKS	B	0.28%
UFPI	B	0.28%
ASGN	F	0.27%
REYN	D	0.26%
WPC	D	0.26%
TNET	D	0.26%
SKX	D	0.26%
MMS	F	0.25%
IPG	D	0.25%
DIOD	D	0.24%
UHAL	D	0.24%
PNFP	B	0.18%
UMBF	B	0.17%
EPAM	C	0.17%
JEF	A	0.17%
TPR	B	0.17%
SSB	B	0.16%
RHI	B	0.16%
AUB	B	0.16%
GXO	B	0.16%
UCB	A	0.16%
AVNT	B	0.15%
FELE	B	0.15%
HSIC	B	0.15%
WTS	B	0.15%
SKY	A	0.15%
NJR	A	0.15%
VOYA	B	0.15%
WAL	B	0.15%
ALIT	C	0.15%
AFG	A	0.15%
DNB	B	0.15%
SEM	B	0.15%
BJ	A	0.15%
MUSA	A	0.15%
PFGC	B	0.15%
RYN	D	0.14%
FUL	F	0.14%
WD	D	0.14%
BPOP	B	0.14%
STWD	C	0.14%
MAT	D	0.14%
LSTR	D	0.14%
FAF	A	0.14%
IVZ	B	0.14%
CZR	F	0.13%
IAC	D	0.13%
LFUS	F	0.13%
FBIN	D	0.12%
NSP	D	0.12%
OPCH	D	0.1%

FNK Underweight 106 Positions Relative to AIEQ

Symbol	Grade	Weight
NVDA	C	-4.04%
AMZN	C	-3.74%
INTC	D	-3.61%
GS	A	-3.6%
GOOGL	C	-3.4%
AVGO	D	-3.2%
CRWD	B	-2.99%
DIS	B	-2.75%
PLTR	B	-2.74%
ISRG	A	-2.62%
NKE	D	-2.44%
ELV	F	-2.19%
FI	A	-2.15%
APH	A	-2.15%
VRTX	F	-2.12%
VST	B	-2.1%
CVX	A	-2.08%
APP	B	-1.97%
BA	F	-1.75%
EMR	A	-1.37%
CHTR	C	-1.36%
SNOW	C	-1.33%
FANG	D	-1.31%
UPS	C	-1.27%
EW	C	-1.07%
LPLA	A	-1.01%
ZS	C	-0.98%
RCL	A	-0.95%
DXCM	D	-0.94%
F	C	-0.92%
DASH	A	-0.92%
LVS	C	-0.91%
TEAM	A	-0.9%
TDG	D	-0.88%
WSM	B	-0.88%
SQ	B	-0.87%
HWM	A	-0.85%
HPE	B	-0.76%
EL	F	-0.72%
FSLR	F	-0.72%
DFS	B	-0.71%
BIIB	F	-0.67%
STLD	B	-0.65%
LNG	B	-0.64%
GPC	D	-0.6%
QRVO	F	-0.59%
LYB	F	-0.59%
CSL	C	-0.56%
GRMN	B	-0.54%
OKTA	C	-0.52%
LII	A	-0.5%
XPO	B	-0.5%
PSTG	D	-0.5%
RHP	B	-0.46%
FCNCA	A	-0.44%
ETSY	D	-0.43%
ENPH	F	-0.43%
SFM	A	-0.4%
LLY	F	-0.4%
IEX	B	-0.36%
GNRC	B	-0.35%
AOS	F	-0.34%
HRB	D	-0.34%
CTLT	B	-0.33%
ESTC	C	-0.31%
BWXT	B	-0.3%
RH	B	-0.3%
FN	D	-0.29%
KBR	F	-0.28%
EXP	A	-0.28%
NVT	B	-0.27%
GFS	C	-0.26%
RYAN	B	-0.24%
MTSI	B	-0.21%
HALO	F	-0.21%
TECH	D	-0.2%
BPMC	C	-0.2%
HLI	B	-0.19%
GMED	A	-0.18%
BSY	D	-0.18%
NBIX	C	-0.17%
EEFT	B	-0.17%
LNTH	D	-0.17%
HAE	C	-0.17%
ACI	C	-0.17%
FIVN	C	-0.17%
MAN	D	-0.16%
TENB	C	-0.16%
VKTX	F	-0.16%
DCI	B	-0.16%
RIVN	F	-0.14%
TREX	C	-0.14%
POWI	D	-0.14%
ORA	B	-0.13%
CHE	D	-0.13%
ITCI	C	-0.13%
TDW	F	-0.12%
ST	F	-0.12%
VVV	F	-0.1%
GATX	A	-0.1%
AM	A	-0.1%
MSA	D	-0.1%
EXPO	D	-0.09%
CHX	C	-0.07%
WFRD	D	-0.07%
CFLT	B	-0.07%